Bank News

Financial experts and policymakers have urged caution, advocating for a delay until there is more clarity on global interest rate trends.
Papers by Egypt Business Directory

The dollar depreciated against the Egyptian currency by about 20 piastres to record EGP 48.48 to buy and EGP 48.62 to sell.
26.09.2024 | News by See news

United Bank’s total assets increased from 72 billion Egyptian pounds in 2021, to 106 billion pounds in June.
24.09.2024 | News by Arab News

Egypt's central bank aims to sell shares in state-owned United Bank in an initial public offering (IPO) on the stock exchange by the end of March.
23.09.2024 | News by Reuters

Egypt’s last Eurobond issuance was back in 2021 when it joined “a rush of emerging-market governments taking advantage of low borrowing costs.
23.09.2024 | News by Egypt Today

Ezz Al-Arab has served as the CIB's Non-Executive Chair since March 2023.
17.09.2024 | News by Ahram Online

This partnership aims to strengthen the NIB's pivotal role as a key economic and investment driver crucial for advancing development goals.
12.09.2024 | News by Egypt Today

Egypt endeavors to achieve economic and structural reforms and lure foreign direct investments (FDIs).
12.09.2024 | News by Zawya

At the same time, they raised the monthly purchase limit to $6,000 for the highest category of credit cards.
11.09.2024 | News by Ahram Online

The bank also announced an increase in the foreign currency spending limits on its credit cards for transactions outside of Egypt.
10.09.2024 | News by Cairo Scene

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday to decide on interest rates.
05.09.2024 | News by Ahram Online

The International Monetary Fund (IMF) has projected a substantial increase in Egypt's gross international reserves.
04.09.2024 | News by Ahram Online

The CBE also reported a rise in total assets, reaching EGP 6.057trn in June 2024, compared to EGP 4.480trn in June 2023, an increase of EGP 1.6trn.
02.09.2024 | News by Daily News Egypt

This marks an increase from the previous month’s surplus of $13.02bn (EGP 626.6bn) in June.
02.09.2024 | News by Daily News Egypt

Arab African International Bank reports its separate financial statements for the first half of 2024 with a net profit of USD 156MM.
01.09.2024 | News by Egypt Today

This new review involves easing some of the fund’s criteria, and is part of the two reviews the IMF conducts per year before disbursing funds.
29.08.2024 | News by Egypt Independent

The bank emphasized that it had previously increased the daily withdrawal limit for domestic currency from ATMs to LE30,000 in April.
27.08.2024 | News by Egypt Independent

31 banks offered bids worth EGP 1.058 trillion on Tuesday, and 100% of the bids submitted by the banks were accepted.
22.08.2024 | News by See news

Egypt’s overall balance of payments registered a surplus of $ 4.1 billion in the July-March period of the 2023/2024 fiscal year, from a $ 281.9 m.
21.08.2024 | News by Ahram Online

Egypt will issue a EGP 2 note in FY2024/2025 to facilitate holding the small currency, according to Asharq Business with Bloomberg.
20.08.2024 | News by Ahram Online